1 in 3 Under the Pump !, page-90

Does the rental income put you into a positive mood with the ATO? Does it make enough that you're happy making the bank/s happy?

If you've paid enough that the mortgage repayment are either all "free" money, or able to pay that monthly repayment for you, then congratulation, I mean that. Without any or much debt, the property market rise and fall will not affect you financially... it might even mean an opportunity.

But if the rental could not meet your mortgage repayment... the fact that renters are falling over themselves to rent your place is not a good sign.

Think about it. Why would people be in the rush to rent? Because they have to. Because it's near where they work, where they want to live. But they cannot afford a property.

How will people who want to live around your property be able to afford it, one day? Either your property will have to drop its price, or those current renter get serious pay raises.

With "free trade", easy work visas, most manufacturing being offshore etc. etc., which of those scenario do you think is more likely?